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Summary
• Price action consolidated in a tight range (9.54–9.65) for much of the session before a sharp selloff to 9.40 in the final hours.
• Volatility spiked late as volume surged past 10,000 and turnover crossed 100,000 USD during a 1-hour breakdown to 9.40.
• MACD turned negative and RSI entered oversold territory near session close, hinting at potential for short-term bounce or continuation lower.
• Bollinger Bands expanded sharply with price closing near the lower band, reinforcing bearish bias.
• A large bearish engulfing pattern emerged at the 9.53–9.40 level, suggesting renewed short-term pressure.
Ethereum Name Service/Tether (ENSUSDT) opened at 9.61 on 2025-12-30 12:00 ET, reached a high of 9.71, a low of 9.34, and closed at 9.42 on 2025-12-31 12:00 ET. Total volume for the 24-hour period was 50,164.35 with a notional turnover of approximately 477,866.00 USD.
Price remained range-bound for most of the session, oscillating within a 9.54–9.65 corridor. A sharp breakdown occurred after 16:45 ET, driven by a large-volume candle that erased 9.53 to 9.40 and confirmed a bearish reversal pattern. The move triggered oversold RSI levels and a bearish cross in the MACD, suggesting momentum favoring the short side.
Structure and Patterns
A large bearish engulfing pattern formed at the 9.53–9.40 level, signaling a potential reversal or continuation of downward momentum. The breakdown also tested a key support level near 9.54, which failed to hold. Bollinger Bands widened during the selloff, with price closing near the lower band, reinforcing a bearish bias.
Momentum and Oscillators

Volatility and Turnover
Volatility increased sharply in the final hours, with volume spiking to over 10,000 during the 16:45–17:00 ET candle. Notional turnover spiked to 102,808.83 USD during the same period, confirming the bearish breakdown with strong liquidity. No major divergence was observed between price and turnover.
Fibonacci Retracement
On the recent 5-minute swing from 9.65 to 9.34, price closed near the 61.8% retracement level, which may act as a key support/resistance in the near term. Daily retracements from the previous week’s high show 9.40 as a critical level, which may either hold or break in the next 24 hours.
Looking ahead, a rebound from 9.40 could test the 9.45–9.50 range, but a break below 9.40 would likely target 9.30. Investors should remain cautious, as the current setup supports continuation lower but could reverse if shorts become overextended.
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